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March 9, 2007

Monetary Policy
Check out Menzie Chinn’s graph over at Econbrowser

In his most recent post, Menzie Chinn plots actual yields on ten-year benchmark Treasury bonds v. the rates predicted by an econometric model based on a series of relatively standard variables (the i…

August 29, 2018

Australia’s New Brutal Politics—Not New, and Not That Brutal

Tom Switzer is executive director of the Centre for Independent Studies in Sydney and a presenter at the Australian Broadcasting Corporation’s Radio National.  As Australia welcomes Scott Morrison a…


September 28, 2017

The IMF’s China Problem

Giving macroeconomic policy advice to a country that saves 46 percent of its GDP is hard. Imprudent domestic policies help limit large external (trade) imbalances, and more prudent domestic policies …

The IMF’s China Problem

May 12, 2017

U.S. Foreign Policy
Moored to Memory: The Problem of the Past in U.S.-Australia Relations

Now that the reverie aboard the USS Intrepid has receded into memory, it is time to ask just what, precisely, Australian Prime Minister Malcolm Turnbull achieved on his recent visit to New York and m…

U.S. President Donald Trump and Australia's Prime Minister Malcolm Turnbull deliver brief remarks to reporters as they meet ahead of an event commemorating the 75th anniversary of the Battle of the Coral Sea, aboard the USS Intrepid Sea, Air and Space Museum in New York, U.S. May 4, 2017. (Jonathan Ernst/Reuters)

March 21, 2014

Will Justice Be Part of the Post-2015 Development Agenda?

This piece is part of an ongoing Development Channel series on global justice and development. Whether or not justice will be part of the world’s post-2015 global development agenda remains an open …


July 27, 2009

The problem with relying on the dollar to produce a real appreciation in China ...

Is now rather obvious. The dollar goes down as well as up. Last fall, demand for dollars rose -- in part because Americans pulled funds out of the rest of the world faster than foreigners pu…


June 8, 2008

Financial Markets
Ken Rogoff is also confused by the US policy towards dollar pegs

It is nice to be in good company. Ken Rogoff is as confused by US policy toward dollar pegs as I am. Rogoff: Does it make sense for the United States Treasury Secretary, Hank Paulson, to be tourin…

October 20, 2008

United States
How far will the US trade deficit fall next year?

US exports have been growing faster than non-oil imports for the last two years. The August trade data hints at a slowdown in exports. But at least on a y/y basis, the slowdown remains modest. …

How far will the US trade deficit fall next year?

December 7, 2005

Gone (ice) fishing …

I will be away from my desk for the next week or so on a business trip.  I'll probably post a bit, modern communications and all.  But I doubt I'll post every day.    I suspect that a couple …

March 19, 2007

A strange way to go about rebalancing China’s economy…

China now exports more than it imports – a lot more.   Even most American economist are starting to recognize that the “China runs a surplus with the US but its overall trade is balanced” argument is…